Addison Capital Co trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,032 shares of the iPhone maker’s stock after selling 52 shares during the quarter. Apple accounts for approximately 1.4% of Addison Capital Co’s investment portfolio, making the stock its 26th largest position. Addison Capital Co’s holdings in Apple were worth $2,065,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in AAPL. Kahn Brothers Group Inc. DE purchased a new stake in shares of Apple during the third quarter worth about $112,000. Belvedere Advisors LLC purchased a new stake in Apple in the second quarter valued at approximately $119,000. Fulcrum Equity Management purchased a new stake in Apple in the third quarter valued at approximately $135,000. Poplar Forest Capital LLC purchased a new stake in Apple in the third quarter valued at approximately $205,000. Finally, S&T Bank PA purchased a new stake in Apple in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 60.28% of the company’s stock.
In other news, Director Arthur D. Levinson sold 37,394 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the transaction, the director now directly owns 1,170,677 shares of the company’s stock, valued at $301,788,823.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
Shares of Apple stock traded down $14.36 during trading on Friday, reaching $309.51. The company’s stock had a trading volume of 47,882,526 shares, compared to its average volume of 34,986,723. The company has a quick ratio of 1.50, a current ratio of 1.60 and a debt-to-equity ratio of 1.04. Apple Inc. has a 12-month low of $164.56 and a 12-month high of $327.85. The company has a market capitalization of $1,356.90 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The business has a 50 day moving average price of $300.66 and a 200-day moving average price of $247.51.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The firm had revenue of $91.80 billion during the quarter, compared to analysts’ expectations of $88.41 billion. During the same period in the previous year, the firm posted $4.18 earnings per share. Apple’s revenue was up 8.9% on a year-over-year basis. Research analysts predict that Apple Inc. will post 13.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.77 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.00%. Apple’s dividend payout ratio (DPR) is 25.90%.
Several research firms have commented on AAPL. Zacks Investment Research lowered Apple from a “buy” rating to a “hold” rating and set a $373.00 price objective on the stock. in a research report on Thursday. Piper Sandler upped their target price on Apple from $305.00 to $343.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their target price on Apple from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity raised Apple to a “buy” rating and set a $355.00 target price for the company in a research note on Tuesday, January 28th. Finally, Cowen increased their price objective on Apple from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $314.18.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
